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Heritage Building Society will raise $95 million through the private sale of mortgage-backed bonds.
The Trust is backed by a revolving pool of Australian residential first ranking mortgages originated by the group.
Heritage treasurer Paul Williams commented to the Australian Financial Review that the group would look to sell more debt into the conduit in the future to secure funding, due to the impossibly high costs of accessing the public mortgage-backed bond market.
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Published: 18-06-08
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